XRP Price Predictions: Analysts Disagree on Future Movement

Ripple's XRP has been making waves in the cryptocurrency market with its unpredictable price movements. The asset has experienced significant volatility in recent years, with massive gains and losses occurring within a short period.

Several analysts have made predictions about XRP's future price movements. John Squire, a perma-XRP bull, recently suggested that Ripple's US national bank license approval could send the token to $5. However, he did not provide further details on this matter.

EGRAG CRYPTO, another analyst with a pro-XRP bias, based their prediction on technical analysis of XRP's long-term chart. They identified three waves in the asset's price movement: wave 1 (a surge to $3.40), wave 2 (a correction to under $0.12), and potentially wave 3. According to EGRAG CRYPTO, if XRP confirms the start of wave 3 by reclaiming its wave 1 high with a strong weekly close and momentum expansion, it could reach prices between $15 and $31.

On the other hand, analyst Ali Martinez presented a more cautious view, focusing on potential support levels for XRP. He noted that if the token loses its current defense level at $1.00, it may find support along the triangle's hypotenuse between $0.90 and $0.60.